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The Latest Breaking News from GM

Ford, GM CEOs Among Those Invited By Biden To Discuss $1.75T 'Build Back Better' Legislation On Wednesday

General Motors Co (NYSE: GM) CEO Mary Barry and Ford Motor Co (NYSE: F) CEO Jim Farley are among key automotive and tech executives who will meet President Joe Biden

Benzinga

GM To Invest $7B In Michigan To Support Goal Of Wresting EV Leadership From Tesla By 2025

General Motors Corporation (NYSE: GM) has committed additional investment to further its electric vehicle push as it plays catch-up with the incumbents.

Benzinga

GM to spend nearly $7B on EV, battery plants in Michigan

General Motors is making the largest investment in company history in its home state of Michigan, announcing plans to spend nearly $7 billion to convert a factory to make electric pickup trucks and to build a new battery cell plant

The Independent UK

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Autoworkers worry about GM's use of lower-paid employees to build EVs

As General Motors Co. prepares for its electric vehicle future with multibillion-dollar investments in Lansing, Orion Township and elsewhere, autoworkers worry about the growing number of employees making less than traditional union-represented employees at the Detroit automaker.

Tribune News Service

GM to invest historic $7 billion in 4 facilities across Michigan, creating 4,000 jobs

In a big win for Michigan, General Motors will invest $7 billion in four manufacturing facilities, making the state the "hub" of electric vehicle development and manufacturing.

Tribune News Service

General Motors Pledges Massive $7 Billion EV Investment In Michigan

The company will add 4,000 jobs and have a capacity of 1 million EVs per year by 2025.

Motor1

BofA Expecting Earnings Beat From GM, But Misses From Ford And Tesla: What Investors Need To Know

Although expectations in the automotive industry have been “set reasonably low” heading into the quarter, investors are likely to focus on outlooks for 2022 and beyond, according to BofA Securities.

Benzinga

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GM Investing $6.6B In Orion EV Plant, Third US Battery Cell Factory

At a total of $7 billion, this is the single largest investment announcement in GM's history, and $6.6 billion of it is for electric vehicles and battery cells.

InsideEVs

This Is What Whales Are Betting On General Motors

Someone with a lot of money to spend has taken a bullish stance on General Motors (NYSE:GM). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

GM Plans Electric Motor Components Production In Western New York

GM announced announced a nearly $154 million investment in its Western New York Lockport Components plant to handle electric motor components production.

InsideEVs

Rumor: GM To Announce Two Major EV Investments In Michigan

General Motors is expected to invest a significant amount in new EV and battery-related project in Michigan, specifically in Lansing and Orion Township.

InsideEVs

GM Threatens To Cut New EV Allocation For Dealers Applying Markups

In a letter signed by GM North America president Steve Carlisle, dealers are reminded of their obligation to "ethically and lawfully sell GM products."

InsideEVs

GM Investing $154M To Build Electric Motors In New York

GM doubles down on EV future.

Motor1

GM to spend $6.5B, add 4,000 jobs at Michigan EV factories

General Motors is poised to announce next week major electric vehicle investments in Michigan

The Independent UK

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Tribune News Service

GM and local UAW at odds over contract at plant that makes the Corvette

General Motors is back at the bargaining table just two years after reaching a national contract agreement with the UAW amid a 40-day national strike.

Benzinga

GM Invests $154M In Western New York Lockport Components Plant

General Motors Co (NYSE:GM) plans to invest nearly $154 million in its Western New York Lockport Components plant. The company intends to use the investment to renovate the facility and purchase and install new machinery and equipment used in producing the stator module, a key component in an electric motor. GM noted the…

InsideEVs

Dying Diesel, Blink Charging, Fiat Panda, More: EV News Jan. 21

There's never a shortage of global EV news, though Europe tends to have more going on in the segment than in other areas. Here's the good new the week brings.

Benzinga

GM Says It Has Started Making Cadillac Lyriq EV 9 Months Ahead Of Schedule, Set To Begin Deliveries Soon

General Motors Co (NYSE: GM) President Mark Reuss said on Thursday the automaker has begun making the pre-production Cadillac Lyriq EV crossover nine months ahead of schedule from its Spring Hill facility.

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Tribune News Service

New EV rules handicap transplants, play to Detroit Three's strengths

As the most onerous federal mpg regulations in 50 years force the auto industry toward electric vehicles, domestic manufacturers are in the catbird seat. Credit the Detroit Three's huge advantage in profitable fleet trucks and vans, say industry analysts, that are lining up corporate customers. Meanwhile, more consumer-reliant Asian automakers…

InsideEVs

GM Says Its Fuel Cell Generators Could Enable EV Fast-Charging

Powered by GM's Generation 2 Hydrotec fuel cell power cubes, these applications show that hydrogen can work for electric vehicles, not against them.

Motor1

Ford, GM Only Brands To Earn Points In New CR Driver Monitoring Test

Consumer Reports will now evaluate driver monitoring systems on vehicles with advanced driver-assist features.

Motor1

GM Warns Dealers About High Markups, Deposits Ahead Of Big Launches

The Corvette Z06, Cadillac Lyriq, and Silverado EV are coming soon.

InsideEVs

GM Secures Tax Break For Expansion Of Orion Assembly Plant

General Motors' expected expansion of the 39-year-old Orion Assembly plant in Orion Township, Michigan will be supported by tax breaks.

Benzinga

GM Secures $1.3B Tax Break For Orion EV Assembly Plant Expansion

General Motors Co (NYSE: GM) has secured a tax break on its proposed $1.3 billion investment to expand the Orion assembly plant for building electric vehicles, the Detroit Free Press

Tribune News Service

GM wins tax abatement for potential $1.3B EV investment at Orion plant

Orion Township, Michigan officials on Tuesday approved a tax abatement for a proposed $1.3 billion investment by General Motors Co. to build electric vehicles at its Orion Assembly plant in Lake Orion.

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